Category: Business

“I’m in a cryptocurrency chat group at work,” software engineer Adam Hickey of San Diego, California told VOA. Over the last few days, Hickey said, members of the group have been writing things like, “Bloodbath” and, “Are we still good?” “It shook me, honestly,” he admitted. “I just had to stop looking at my balance. At one point, months ago, my investment in crypto had tripled. Now I’m down 40%.” Hickey is far from alone. Serious and casual investors across the United States have seen the value of their investments in the publicly available digital asset known as cryptocurrency shrink dramatically in recent months, with steep plunges recorded in just the last week. The value of bitcoin, the most popular form of cryptocurrency, has dropped more than 70% since its…

Amazon and Cartier joined forces Wednesday in U.S. court to accuse a social media influencer of working with Chinese firms to sell knock-offs of the luxury brand's jewelry on the e-commerce giant's site.  The online personality used sites like Instagram to pitch Cartier jewelry such as "Love bracelets" to followers and then provided links that led to counterfeit versions on Amazon, one of two lawsuits alleged.  The influencer appeared to be a woman in Handan, China, and the merchants involved in the "counterfeiting scheme" were traced to other Chinese cities, according to court documents.  "By using social media to promote counterfeit products, bad actors undermine trust and mislead customers," Amazon associate general counsel Kebharu Smith said in a statement.  "We don't just want to chase them away from Amazon —…

A new study has found that Facebook has failed to catch Islamic State group and al-Shabab extremist content in posts aimed at East Africa as the region remains under threat from violent attacks and Kenya prepares to vote in a closely contested national election.  An Associated Press series last year, drawing on leaked documents shared by a Facebook whistleblower, showed how the platform repeatedly failed to act on sensitive content including hate speech in many places around the world.  The new and unrelated two-year study by the Institute for Strategic Dialogue found Facebook posts that openly supported IS or the Somalia-based al-Shabab — even ones carrying al-Shabab branding and calling for violence in languages including Swahili, Somali and Arabic — were allowed to be widely shared.  The report expresses particular…

Often touted as the next digital shift, the metaverse comprises three-dimensional online spaces where people can work, shop, play games, go to concerts and so on. Michelle Quinn on what the metaverse is — or might be. ...

After 35 years of decline, the number of nuclear weapons in the world is set to rise in the coming decade as global tensions flare amid Russia's war in Ukraine, researchers said Monday.   The nine nuclear powers — Britain, China, France, India, Israel, North Korea, Pakistan, the United States and Russia — had 12,705 nuclear warheads in early 2022, or 375 fewer than in early 2021, according to estimates by the Stockholm International Peace Research Institute (SIPRI).    The number has come down from a high of more than 70,000 in 1986, as the U.S. and Russia have gradually reduced their massive arsenals built up during the Cold War.  But this era of disarmament appears to be coming to an end and the risk of a nuclear escalation is now at…

Robots have long been used in manufacturing and other applications that need precise, fast and repeatable tasks. But making smart robots takes software. From Boulder, Colorado, Shelley Schlender reports. ...

Elon Musk accused Twitter of “actively resisting and thwarting his information rights,” as the Tesla founder attempts to get information about fake and spam accounts on the platform. The accusation came in a letter Musk sent to Twitter Monday in which he warned he could walk away from the $44 billion deal to take over the company should Twitter not provide the information he seeks. Musk further accused Twitter of a "clear material breach" of its obligation to provide the data. "Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Musk’s own analysis of that data will uncover," according to the letter. “Twitter has, in fact,…

A crewless robotic boat that had tried to retrace the 1620 sea voyage of the Mayflower has finally reached the shores of North America — this time in Canada instead of the Massachusetts coast where its namesake landed more than 400 years ago.  The sleek autonomous trimaran docked in Halifax, Nova Scotia, on Sunday, after more than five weeks crossing the Atlantic Ocean from England, according to tech company IBM, which helped build it.  Piloted by artificial intelligence technology, the 50-foot (15-meter) Mayflower Autonomous Ship didn't have a captain, navigator or human on board — though it might have helped to have a mechanic.  "The technology that makes up the autonomous system worked perfectly, flawlessly," said Rob High, an IBM computing executive involved in the project. "Mechanically, we did run…

For many, grasping the concept behind cryptocurrencies is difficult enough. But let's try to take a closer look into how they work. Matt Dibble explains. ...

Guided by data from a bird-watching app, conservationists and farmers are creating instant wetlands for birds travelling thousands of miles. Matt Dibble has the story ...

Researchers say DNA can replace hard drives to help store the world’s ever-increasing digital output. Matt Dibble has the story    ...

The arrival of the pandemic intensified feelings of loneliness and social isolation for millions of older people, many of whom were already battling depression and other health issues. For those struggling, a robot companion might make a difference, and states like New York are starting to provide them to residents free of charge. VOA’s Julie Taboh has more. Camera: Adam Greenbaum ...

Russia's invasion of Ukraine appears to be having an unanticipated impact in cyberspace — a decrease in the number of ransomware attacks.  "We have seen a recent decline since the Ukrainian invasion," Rob Joyce, the U.S. National Security Agency's director of cybersecurity, told a virtual forum Wednesday.  Joyce said one reason for the decrease in ransomware attacks since the February 24 invasion is likely improved awareness and defensive measures by U.S. businesses.  He also said some of it is tied to measures the United States and its Western allies have taken against Moscow in response to the war in Ukraine.  "We've definitively seen the criminal actors in Russia complain that the functions of sanctions and the distance of their ability to use credit cards and other payment methods to get…

Meta, the company that owns Facebook, is hosting its second annual Africa Day campaign to promote Africans who are making a global impact. The content producer for the film project, South African filmmaker Tarryn Crossman, said Meta identified eight innovators, creators and businesspeople on the continent whose stories the company wanted told for the "Made by Africa, Loved by the World" campaign. Crossman's company, Tia Productions, teamed up with Mashoba Media to find four fellow filmmakers in Ghana, Nigeria, Kenya and the Democratic Republic of Congo. Their job was to make two- to three-minute documentaries about the subjects. "So, for example we did Trevor Stuurman here in South Africa," Crossman said. "He's a visual artist and his line was, I just loved so much, he says: 'Africa's no longer the…

 Facebook parent Meta said it will start publicly providing more details about how advertisers target people with political ads just months ahead of the U.S. midterm elections.  The announcement follows years of criticism that the social media platforms withhold too much information about how campaigns, special interest groups and politicians use the platform to target small pockets of people with polarizing, divisive or misleading messages.  Meta, which also owns Instagram, said it will start releasing details in July about the demographics and interests of audiences who are targeted with ads that run on its two primary social networks. The company will also share how much advertisers spent in an effort to target people in certain states.  "By making advertiser targeting criteria available for analysis and reporting on ads run about…

A South African company that promotes solar power and uses crowdsourcing to raise capital is financing a solar-powered farm in Zimbabwe that is also benefiting neighboring farmers. The company, The Sun Exchange, raised $1.4 million for the farm. Columbus Mavhunga reports from Marondera, Zimbabwe. ...

When Chandler Jones realized she was pregnant during her junior year of college, she turned to a trusted source for information and advice. Her cellphone. "I couldn't imagine before the internet, trying to navigate this," said Jones, 26, who graduated Tuesday from the University of Baltimore School of Law. "I didn't know if hospitals did abortions. I knew Planned Parenthood did abortions, but there were none near me. So I kind of just Googled." But with each search, Jones was being surreptitiously followed — by the phone apps and browsers that track us as we click away, capturing even our most sensitive health data. Online searches. Period apps. Fitness trackers. Advice helplines. GPS. The often obscure companies collecting our health history and geolocation data may know more about us than…

The Apple Store at Union Square, the heart of San Francisco’s upscale tourist district, had drawn more than 30 customers within a few minutes of opening Friday morning. Visitors, couples and even a preschool-age boy browsed the atrium packed with iPhone 13s and watches to try out. A sign urged people to trade in old phones to save money on the 13s.  But a staff member could not say when the iPhone 14 would come out — presumably sometime this year — or what it would cost. Some shoppers wondered whether it would be delayed or cost more than expected given the months of supply chain disruptions in China, where the phones are made.  “This stuff has got to hit hard at some point,” said Bill Kimberlin, an Apple Store…

The Ukrainian government is using facial recognition software to identify Russian soldiers captured and dead. VOA's Julie Taboh spoke with one software company CEO and an official with the Ukrainian national police about how the technology is contributing to the war effort ...

Canada will ban Chinese telecommunications giants Huawei and ZTE from its 5G wireless networks because of national security concerns, officials said Thursday.  The long-awaited move follows those of the United States and other key allies and comes on the heels of a diplomatic row between Ottawa and Beijing over the detention of a senior Huawei executive on a U.S. warrant, which has now been resolved.  The United States has warned of the security implications of giving Chinese tech companies access to telecommunications infrastructure that could be used for state espionage.  Both Huawei and Beijing have rejected the allegations, while Beijing warned of repercussions for nations placing restrictions on the telecom equipment provider.  The company did not immediately respond to an AFP request for comment on Canada's ban.  Canadian Industry Minister…

Twitter is stepping up its fight against misinformation with a new policy cracking down on posts that spread potentially dangerous false stories. The change is part of a broader effort to promote accurate information during times of conflict or crisis.  Starting Thursday, the platform will no longer automatically recommend or emphasize posts that make misleading claims about the Russian invasion of Ukraine, including material that mischaracterizes conditions in conflict zones or makes false allegations of war crimes or atrocities against civilians.  Under its new "crisis misinformation policy," Twitter will also add warning labels to debunked claims about ongoing humanitarian crises, the San Francisco-based company said. Users won't be able to like, forward or respond to posts that violate the new rules.  The changes make Twitter the latest social platform to…

In February, the Nigerian technology startup CrowdForce announced a big break: It had received $3.6 million from investors to expand its financial services operations to many more underserved communities.   Co-founder and Chief Executive Officer Tomi Ayorinde said new funding will boost its mobile agent network from 7,000 to 21,000 this year. "We were looking to scale faster and really gain market share," Ayorinde said. "And what we're doing is also very impact-related because we're creating jobs, avenues for people to make extra income in their communities. So, it was also very interesting for impact investors to be part of what we're trying to do."  When Ayorinde helped launch CrowdForce seven years ago, he intended it to be a data collection company. But after about two years, the company overhauled its business…

Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam. Musk made the comment in a reply to another user on Twitter early Tuesday. He spent much of the previous day in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than 5% of Twitter accounts are fake. In his tweet Tuesday, Musk said that "20% fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter's SEC filings being accurate." He added: "Yesterday, Twitter's CEO publicly refused to…

When he was 20 years old, Harel Hershtik planned and executed a murder, a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an Israeli health-tech startup, poised to make millions of dollars with the backing of prominent public figures and deep-pocket investors. With his company set to go public, Hershtik's past is coming under new scrutiny, raising questions about whether someone who took a person's life deserves to rehabilitate his own to such an extent. "When I was young, I would say that I was stupid and arrogant," said Hershtik, now 46. "You can be a genius and yet still be very stupid and the two don't contradict each other." Today, Hershtik is the vice president…

Six historically Black universities in five Southern states will be getting the first IBM cybersecurity centers aimed at training underrepresented communities, the company said. The schools are Xavier University of Louisiana, that state's Southern University System, North Carolina A&T, South Carolina State, Clark Atlanta and Morgan State universities, according to a news release Tuesday. "Technology-related services are in constant demand, and cybersecurity is paramount," said Dr. Ray L. Belton, president of the Southern University System based in Baton Rouge. The centers will give students, staff, and faculty access to modern technology, resources, and skills development, said Dr. Nikunja Swain, chair and professor of the Computer Science and Mathematics Department at South Carolina State, in Orangeburg. “It will further enhance our ongoing activities on several key areas, including cybersecurity, data science…

The “metaverse” has been touted as the next digital shift, 3-dimensional online spaces where people will shop, work, play games, and go to concerts. VOA’s Michelle Quinn is looking at what the Metaverse is or might be. VOA footage and video editing by Matt Dibble. ...

Africa, in recent years, has become the new frontier where China and the United States, the world’s two biggest economic superpowers, are competing for influence in a key industry: telecommunications. This week, Ethiopia celebrated the launch of a 5G network powered by China’s telecom giant Huawei in Addis Ababa. Just before that, on a visit to the continent last week, U.S. Deputy Secretary of State Wendy Sherman visited U.S. mobile company Africell’s offices in Angola, where the firm has amassed some 2 million users since it was launched just over a month ago.   “Today in Luanda, I visited @AfricellAo, an innovative, state-of-the-art U.S. company expanding 5G access in Angola with trusted technology components,” she wrote in a tweet. Asked in a subsequent press briefing whether the tweet wasn’t a…

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk said in a tweet. Shares of the social media company fell 20% in premarket trading. Twitter did not immediately respond to a request for comment. The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. It also said it faced several risks until the deal with Musk is closed, including whether advertisers would continue to spend on Twitter. Musk, the world's richest man and the chief executive of Tesla Inc,…